Credit Risk Portfolio Officer Senior

CREDIT RISK PORTFOLIO OFFICER SENIOR - Residential & Consumer / Small Business

WHAT IS THE OPPORTUNITY?

Responsible for portfolio risk monitoring, identification and mitigation strategies for commercial and/or retail portfolios. Develops and recommends the 1st LOD's credit portfolio strategies to improve portfolio efficiency that will ultimately enhance shareholder value.

A qualifed candidate will possess direct experience in underwriting, approving, reporting, governing, managing, and presenting residential & consumer / small business credit exposure.

WHAT WILL YOU DO?

Credit Risk Assessment

• Conduct ongoing reviews to monitor portfolio performance; identify areas of weakness (and strength) in performance. Develop insight into reasons for performance deviation. Promptly advise senior management of any changes in the trends (rating migration, delinquency, collateral, concentration, disruptors, KRIs, originations, etc)
• Responsible for the ongoing risk management, performing credit quality assessments and related reporting of their assigned credit portfolios
• Utilize sensitivity analysis, stress testing, market trend, and other analytical methodologies to anticipate any credit trends or deterioration and obtain insights into portfolio performance and market opportunities
• Monitor concentrations to improve portfolio diversification
• Monitor, track and report on Risk Appetite metrics and concentration limits.
• Track policy exceptions that will provide meaningful feedback to understand credit portfolio risk, future potential credit problems, and provide feedback to Credit Policy team to review and enhance underwriting guidelines
• Coordinate activities with other departments in the bank responsible for risk management including Credit Administration, Enterprise Risk and Credit Risk Review
• Complies fully with all Bank Operational and Credit policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Know Your Client, Community Reinvestment Act, Fair Lending Practices, Code of Conduct, etc.).
  
  

Data Analytics And Reporting

• Create and deliver presentations that include portfolio activities, analytics of risk, performance, emerging trends and opportunities
• Lead the development of analytics and advanced visualization to assist with portfolio credit risk surveillance
• Responsible for the development, execution and management of reporting and analytical needs
• Ensure the quality and data integrity of the monthly and quarterly reports
• Explore new data sources within the organization decision making function
  
  

WHAT DO YOU NEED TO SUCCEED?

Required Qualifications*

• BS/BA degree in Finance, Economics, Mathematics, Statistics or related field
• Minimum 5 years of experience in credit risk portfolio management, credit administration, loan origination, and/or credit analysis
• Minimum 3 years of banking experience
  
  

Additional Qualifications

• Residential & Consumer/Small Business credit preferred with emphasis in finance with strong statistical and economics background
• Experience in Banking with experience in portfolio management, credit analysis; credit administration, loan origination, credit analysis;
• In depth knowledge of portfolio management practices; credit administration; loan underwriting standards;
• Problem solving; analytical; written and oral communication; organized; ability to understand and convey concepts; ability to deal with ambiguity; computer proficiency;
• Ability to assess and quantify economic risks associated with lending and credit.
• Excellent skills working with large time-series data. Statistical background with data exploration and analysis using R, Python and Excel is required. Experience with Tableau or other visualization tools.
• Capable of taking complex problems and data and make sense by providing robust insights and solutions.
• Strong background in data analysis with ability to present complex technical solutions to business teams.
  
  

WHAT'S IN IT FOR YOU?

Compensation

Starting base salary: $90,000 - $160,000 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

Benefits and Perks

Benefits

At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:

• Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
• Generous 401(k) company matching contribution
• Career Development through Tuition Reimbursement and other internal upskilling and training resources
• Valued Time Away benefits including vacation, sick and volunteer time
• Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
• Career Mobility support from a dedicated recruitment team
• Colleague Resource Groups to support networking and community engagement
  
  

Get a more detailed look at our Benefits and Perks.

About Us

Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.

INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT

City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

• Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.
  
  

Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.